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Dilip Buildcon gains on emerging as L-1 bidder for Rs 723-cr project
30-Sep-22   15:21 Hrs IST

The tender was floated by the Gujrat Metro Rail Corporation (CMRC). The project entails construction of 7.553 kilometers elevated viaduct and 7 stations (incl. E&M, architectural finishing, roofing, plumbing, signage, etc.) from Sector-1 to Mahatma Mandir in connection with Ahmedabad Metro Rail Project Phase-2.

The cost for the project (excluding GST) is expected to be Rs 723.45 crore. The estimated completion period is 24 months.

Dilip Buildcon is a full-service infrastructure company with construction capabilities in roads & bridges, mining, water sanitation, sewage and dams with a presence in over 19 states.

The company's standalone net profit tumbled 26.7% to Rs 19.80 crore in Q1 FY23 from Rs 27.02 crore posted in Q1 FY22. Revenue from operations jumped 22.1% to Rs 2,621.52 crore in the first quarter as against Rs 2,146.26 crore recorded in the same period last year.

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